Happy Thanksgiving. I’m off until Monday. But before I go...
Here are some news stories of note:
- Private equity job seekers are finding a warm welcome in the Gulf. For example, the Abu Dhabi Investment Authority has plans to hire 45 new private equity professionals!
- Dubai’s Ruler has cut the number of board members for the Investment Corporation of Dubai from six to five. He was undoubtedly sick of 3 to 3 ties...
- HSBC is reportedly trying to sell its ~$10B stake in Ping An to the CIC’s Central Huijin.
- The Ontario Teachers Pension Plan has tripled down on Nexen. But did it get in before the Chinese bid?
- The Fondo Strategico Italiano, which was launched to protect Italian firms from foreign takeovers, will not protect all Italian firms... only the ones that foreigners like.
- The Chicago Teachers’ pension fund will apparently quit hedge funds. (That’s interesting, but when you think about it... the fact that teachers unions look to hedge funds at all is the real societal oddity.)
- The Queensland Investment Corp is reportedly set to invest $340 million in a Perth-based shopping center.
- Hippy finance? Yeah I’m ok with that description...
And, second, here are a few interesting research papers:
- My colleague Gordon Clark has an interesting new paper that maps out financial literacy.
- Are you interested in developing a benchmark for your strategic asset allocators? Read on.
- Jagdeep Bachher and I have a new paper out on platforms and vehicles for institutional co-investment. We’d love your feedback.
Enjoy your long weekend!
